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JLL, LaSalle launch trust as rival mortgage REITs pull back

Partners enter market as some lenders trim or suspend shareholder payouts
Brad Gries, global CEO of LaSalle Investment Management, will launch the REIT as interim CEO. (LaSalle Investment Management)
Brad Gries, global CEO of LaSalle Investment Management, will launch the REIT as interim CEO. (LaSalle Investment Management)
CoStar News
September 22, 2026 | 6:33 P.M.

JLL and LaSalle Investment Management are launching a nontraded mortgage real estate investment trust to make commercial property loans at a time when many building owners rely on private lenders for financing.

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